Antero Resources gets $1 billion revolver via JPMorgan and Wells Fargo

By Sara Rosenberg

New York, Nov. 4 - Antero Resources Finance Corp. closed on a new $1 billion five-year revolving credit facility, according to a company news release.

JPMorgan and Wells Fargo acted as the joint lead arrangers and bookrunners on the deal.

The initial borrowing base under the revolver is $550 million.

Proceeds were used to replace an existing $400 million revolver.

As of Thursday, $184 million was drawn on the new revolver and $18 million of letters of credit were outstanding.

Antero Resources is a Denver-based independent oil and natural gas company.

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